07.14.20151000 South Broadway Sells to Greystar
Denver, CO – National real estate developer, Fore Properties, has sold 1000 South Broadway, a 260-unit luxury apartment community in central Denver, CO to Greystar Real Estate Partners. David Martin and Pamela Koster, Mountain States Regional Partners of Moran & Company, represented the seller in the transaction. The sale closed on July 14th, 2015 for $64.6 million ($248,462 per unit).

05.26.2015427-Unit CasaLago Eastlake Apartment Community Sells
Chula Vista, Calif. – An institutional buyer has purchased CasaLago Eastlake, a 427-unit, newly constructed apartment community in the sought after master-planned community of Eastlake in South San Diego. The seller, a joint venture between Resmark Apartment Living and ColRich Multifamily, was represented by Mike Murphy, a Director, and Mary Ann King, President, of Moran & Company.

10.21.2014Park Place at Petworth Metro Sells to TA Associates Realty
WASHINGTON, DC – National real estate investor, Canyon-Johnson Urban Funds, has sold Park Place at Petworth Metro, a 161-unit luxury mixed-use apartment community in northwest Washington, DC to TA Associates. Randal Howard, Mid-Atlantic Regional Partner of Moran & Company, represented the seller in the transaction. The sale closed on October 6th, 2014 for $62 million ($385,093 per unit).

09.17.2014Red Oak Investments Closes on Baker Street Apartments Site
COSTA MESA, CA – Red Oak Investments closed on the Baker Street Apartments site in partnership with CityView. “We are delighted to be in partnership with CityView, a premier equity partner with deep experience in both the capital side and the development side,” said Red Oak principal Joe Flanagan.

09.12.2014Moran & Company Sells Waterstone at Murrieta
MURRIETTA, CA – Strata Equity Group has acquired Waterstone at Murrieta, an institutional grade garden-style community in Murrieta, CA from a joint venture between Silverado Canyon Partners and The Wolff Company. Thomas P. Moran of Moran & Company’s California office represented the seller in the transaction. The sale closed September 4, 2014.

06.24.2014The Springs closes in Corona, CA
CORONA, CA—The Bascom Group LLC and certain funds managed by Oaktree Capital Management LP have structured a new venture to acquire $250 million in value-added multifamily properties throughout the US. The venture was launched with its first acquisition, the Springs Apartments, a 320-unit garden style community located at 650 Ebbcreek Dr. here in Corona, CA, which was purchased for $43.2 million.

06.20.2014Parc Belmar Closes in Lakewood, CO
The Moran Mountain States team recently closed Parc Belmar (512 units) in Lakewood, Colorado. The transaction represents a value-add opportunity for the new owner within this Denver submarket. For further information about this deal and other opportunities within Colorado, please contact David Martin and Pam Koster.

Moran & Company is an industry leading, third party transaction services firm with a singular focus on the multifamily asset class, including mixed-use properties with predominant residential components. Its unmatched team of multi-disciplined senior partners and professionals is widely respected for providing leadership in complex sale and capitalization assignments at every point in the investment cycle.

Under the direction of founding partners Tom Moran and Mary Ann King, Moran & Company has handled the sale, capitalization or recapitalization of more than 127,000 apartments, representing $16 billion in value since its inception in 1994. Today, Moran operates throughout the United States from offices in Chicago, Dallas, Denver, Houston, Irvine, Phoenix, Seattle and Washington DC. Clients rely on Moran & Company for the breadth of our experience, the effectiveness of our customized execution strategies and the sophistication of our representation.

Unlike traditional brokerage firms, Moran is structured as a true partnership with each member of the firm incentivized to make the overall firm as successful as possible, thereby fostering absolute dedication to the provision of superior client service as the overarching goal of each Moran partner and employee.